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This paper discusses the channels between openness and productivity and trade hampering factors. The stylized facts …
Persistent link: https://www.econbiz.de/10008593005
-output trade-off and suggests that the ultimate effect of openness on the output-inflation relationship is influenced by a variety … effect of openness on the sacrifice ratio. We develop a simple theoretical model showing how both the extent of pass through … and openness can interact to influence the output-inflation relationship. Next we empirically explore the nature of these …
Persistent link: https://www.econbiz.de/10008671502
While trade integration is often regarded as a principal determinant of economic growth, the empirical evidence for a … causal linkage between trade and growth is ambiguous. This paper argues that the effect of trade in dynamic panel estimations … highly significant impact on economic growth can be found. …
Persistent link: https://www.econbiz.de/10010308829
show a significant impact of openness on productivity growth. We find also an effect, significant at the ten per cent level …This paper investigates the impact of openness to trade and higher levels of human capital on the economies of some … MENA countries. To answer the question: whether either human capital or openness can be shown to cause productivity, we use …
Persistent link: https://www.econbiz.de/10010262187
The question whether international openness causes higher domestic growth has been subject to intense discussions in … the empirical growth literature. This paper addresses this issue using the fall of the Berlin wall in 1990 as a natural …s and the lower international openness of East Germany are linked. We address the endogeneity of openness by adapting …
Persistent link: https://www.econbiz.de/10010262870
Many theoretical models show that trade openness has positive welfare implications. Yet, openness might affect … question whether trade openness affects within-country income differentials. In Italy, the more affluent regions are … migration. Prima facie, there is a positive correlation between openness and per capita income. Studying this relationship …
Persistent link: https://www.econbiz.de/10010269721
The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in … economic research in the past 20 years. The positive or negative growth effects of a country´s regulatory framework are …. Therefore, the two potential determinants to growth might be interlinked. So far there is very little empirical evidence on the …
Persistent link: https://www.econbiz.de/10011301335
This paper investigates the influence of international openness on economic growth in a sample of 32 European economies …. The usual approach in the literature on the topic is to observe the impact of trade openness on growth. We, however … openness. Our research, in general, shows that openness is an important determinant of growth in a set of investigated …
Persistent link: https://www.econbiz.de/10011310256
This paper investigates the influence of international openness on economic growth in a sample of 32 European economies …. The usual approach in the literature on the topic is to observe the impact of trade openness on growth. We, however … openness. Our research, in general, shows that openness is an important determinant of growth in a set of investigated …
Persistent link: https://www.econbiz.de/10011200086
This paper examines the short-term and long-run dynamics between per capita GDP growth and openness for 158 countries … between openness and growth by including only growth rates and lagged values of the independent variable. Additionally, we …-run coefficients indicate a positive significant causality from openness to growth and vice versa, indicating that international …
Persistent link: https://www.econbiz.de/10010902058